Small Business

Dodd Statement on Obama Economic Team and Economic Recovery Plan

November 24, 2008

Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing and Urban Affairs, today issued the following statement after President-Elect Obama announced several nominations for his economic team and outlined an economic recovery plan:

 

“I commend President-Elect Obama for announcing his economic team and for outlining a strong proposal for economic recovery.  These actions demonstrate that he is moving quickly and responsibly to address our nation’s economic crisis.  I look forward to considering these nominations swiftly and deliberately in the Banking Committee, and will work with my colleagues to ensure that these and other nominees are reviewed without delay.”


11/17/08: Dodd Statement on Rise in Connecticut Exports

November 17, 2008

Senator Chris Dodd (D-CT) released the following statement in response to news reports that Connecticut exports have grown over the last year:

 

“This is welcome news during these tough economic times. Connecticut’s workers are among the best in the country and the products and services they produce continue to be in high demand around the world.  I will continue to fight to ensure that our business community has the resources and tools it needs to continue to grow and prosper in this difficult economy.”


11/13/08: Dodd Holds Oversight Hearing on Financial Rescue Package

Calls for Lenders to Utilize the HOPE for Homeowners Program to Help Save People's Homes in Connecticut and Across the Nation

November 13, 2008

As recent news reports show that foreclosures in Connecticut have risen 134% in the month of October, Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, held an oversight hearing today on the implementation of the Emergency Economic Stabilization Act, focusing on foreclosure prevention efforts, ensuring that lenders are using the federal funds for lending, and executive compensation policies.


11/12/08: Dodd Statement on Treasury's Implementation of Financial Rescue Package

November 12, 2008

"I appreciate the Treasury Department’s willingness to adjust to the current situation in our financial markets.  I am also gratified that they listened to Congress when we insisted on including alternative strategies, such as liquidity injections, in the financial rescue legislation.  It is alarming to imagine how limited the Treasury’s options would be if Congress had not made substantial changes to their three page proposal." 


11/06/08: Dodd Lays Out Priorities for the 111th Congress

Will Continue to Serve as Chairman of the Senate Banking Committee, Housing, and Urban Affairs

November 11, 2008

Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing and Urban Affairs and a senior member of both the Committees on Foreign Relations and Health, Education, Labor and Pensions, held a press conference today where he announced that he will continue to serve as the Chairman of the Banking Committee and laid out what his priorities will be for Connecticut and the Committee.


10/17/08: Dodd Tours Park Street with Hispanic Community Leaders

October 17, 2008

Senator Chris Dodd met with local Hispanic business owners and community leaders today.  Dodd visited businesses and non-profit organizations along Park Street and discussed how current economic conditions are affecting the Hispanic community in Hartford.



10/17/08: Dodd Discusses the State of the Economy in Norwich

October 17, 2008

Senator Chris Dodd, the Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, spoke to the Chamber of Commerce of Eastern Connecticut this morning about the current state of the economy, the Hope for Homeowners program and his efforts to address the financial crisis in Washington, D.C.


10/15/08: Statement of Chairman Dodd on Reports from Federal Reserve

October 15, 2005

As part of the recently-enacted Emergency Economic Stabilization Act, Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing and Urban Affairs, successfully worked to require the Federal Reserve to report to the Congress when it undertakes loans made under unusual and exigent circumstances. Dodd released the following statement after receiving the first two reports from the Federal Reserve:


10/14/08: Dodd Supportive of Administration's Plan, Outlines Consumer-Focused Agenda

October 15, 2008

Senator Chris Dodd (D-CT), Chairman of the Senate Banking, Housing, and Urban Affairs Committee, today announced that he is supportive of the Administration’s plan to use the authority granted by the Emergency Economic Stabilization Act passed by Congress last month.  This legislation expanded the range of options that federal agencies can use to intervene in the economy, including direct liquidity injections into our nation’s banks.  This assistance will be subject to the protections Congress put into the law, including warrants, limits on executive compensation, and a prohibition on golden parachutes for companies receiving government assistance.  Dodd met with Treasury Secretary Henry Paulson earlier today to discuss the details of the plan.


10/03/08: Dodd Statement on House Passage and President's Signature of the Emergency Economic Stabilization Act

October 3, 2008

Senator Chris Dodd (D-CT), Chairman of the Senate Banking, Housing, and Urban Affairs Committee, today released the following statement after the House of Representatives passed and the President signed the Emergency Economic Stabilization Act:

 

“I commend Chairman Frank, Speaker Pelosi, and Congressmen Emanuel, Boehner and Blunt for their contributions to this bipartisan, bicameral effort.   


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